NZDUSD: Attempting longs is risky business
Updated
Just a monthly map of this pair. I think attempting NZD longs is dangerous business and I wouldn't want to be a part of it.
It might retrace, and if it does, the red line above is a perfect level to place sell orders.
This pair is not behaving like AUDUSD, which shows up in AUDNZD as well, which is in a strong uptrend towards the longterm mode of said pair's historical chart.
Keep an eye on NZD pairs, I'm sure you'll see they are constantly weak for a long time.
Cheers,
Ivan.
It might retrace, and if it does, the red line above is a perfect level to place sell orders.
This pair is not behaving like AUDUSD, which shows up in AUDNZD as well, which is in a strong uptrend towards the longterm mode of said pair's historical chart.
Keep an eye on NZD pairs, I'm sure you'll see they are constantly weak for a long time.
Cheers,
Ivan.
Trade closed: target reached
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